KCS Board Delays Vote on CN Merger

The board of directors of Kansas City Southern has delayed a vote of company shareholders on a merger with Canadian National.

The delay was not unexpected as the board had said earlier it would delay the vote if the U.S. Surface Transportation Board failed to rule by Aug. 17 on CN’s proposal to place KCS into a voting trust while regulators review the merger.

The KCS board said it would announce today (Aug. 19) when shareholders will vote on the CN merger.

The STB has said it expects to rule on the voting trust proposal by Aug. 31.

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